New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-11-28
THE PETROLECk AARKEI.

THE PETROLECK AARKEI.
NEWS FROM THE FIELD AND RANGE OF PRICES
However dsappo ntng the speculation may be tho sats
cal position Of petroleum strengthening materially Stocks
abroad being rsncod heavily and here at home
being male essepipg the burden the trade of the
large visible supply above ground The refined market CIV
in. ndcaoRso Of growing strength. and the from tho
field present, feature In spite OF the stationary
condition Of values since they moved into the seventies;
In spite Of the sacrifices entaei in spite OF the oppost
OF producers interested In depreciAtng their commsiy
because OF speculative reasons in spite OF having new
opened at the initiation OF their schemen spite Of all
these things the Producers Protective Association has main
zaton ami far carried its pledges BY
sned circular letter oil eouG.at"Iaton on tns
soue satisfaction eIpro...d with the OUTLOOK.
TAXING he average price Of certificate oil this year C5
cents amt me .'e,;Ts Price OF pesam 81 =, cent? 1s
ton OF he producing Industry and allowing Tor the spIee
Item" ii show ~. At the forsronE
In. m,s. %sessy viii refer 'I tn some Of
AT oppoaai,,g oacr Ine esu..
which tie producers have united TO beter thoir cond
G r M Tor out Of the u nG R. las
been e sr Ter tAS pf'srsi' IS BENZ S,a
Iowprce, anG Il. popasily short selling have rested
arssy upon the aet that even alto ,ng ,or tie .sssr
est, there ; ne.vy Visible supply when some
hat TO without hope OF proht save through ne.y
a7.r.o ,.y 6i' hiHd.cag the trade nas
lace o. t!odculie.; Ieau,e stocks Al! the rate
.mpy qS..oo good f.a 's and sense a.
to whether stock shall be cut IN Two by the cut o. ISIS o.
rcductcn In about lec week. The ecsss Of PIPE Ing 10
.Ggt ..9. o. as a S SS $50 n S ou' s enc
dac ay. been SsS31e barrel, asain- avsr4gs
%ov.nSer 80; m. cp average ss42 G.res day
against = so e4ssa November 80 ana 60 lg7 barrels
to y charter, the AM inclusive as follows:
Runs Deli,~rie. pey1T.. charter.
Al We" % 1s zen Sy these safs that &c charters
s s1- s % Sy o Sa'Tf RI. oe o"
ports o Europe last week amounted To- $4,000 bar
cv-re, tor the last r,e we Ks loot up to about ssooo
tie history OF tie business. The ham onlonth pocT
py to dnre, AIMS h. pSc., .yer rt4chea even a. 10
i u' S Dsrrs ay to 900 aroIs at pcs
produce profound impression upon sreSn position so
except a Is general tendney vas not ers'I ,o to ne
but desp'r drilling, agitation and free use Of nitro
s' S D. '' ami s. yarn na ave-
well on the iAt.S N ic,ei the gauges |eIs Nosemer
Sovsmecr 49, n1Tej, 'rS% = .e, ay ra per sf
last eetlcat- market so dull that as far
The extreme range Of price, was little OYER
eon 1na Tue hT " d ssTI gan eeSsSs
i not developed " TIE features ab2ve
Bu the mar entirely without Ter snd L holds Of It's
The -pocuav" position appears 20 be unchanged Ihere
evidence HAT certificates are more suorsy
unl surbed the small extent 10 which price, have
prob ably large a. It vas ~ hH stte' Ana
ner short -ts AL Investment
absorption the other Cerhcates contnussc1e Tor the
that ehners being unable e. ny 0ut nan me %" 10 as
field that they could huv two moths ago are Compelled 70
oil on the Exchanges or course there
g,usng the isy amount OF cethcstes 50 can
c.lc but 10 certain ths wping Of certificates
effort at calling loans would probably cemgsl
bon premium The shut iOvn movement his
c.tno here cor soioa WI hardly O9 abe hrreNeri9
selling short to ry scts rate which holders VIII
be Hing 10 pay TO have melt Oh eariei
alton lack o. 'mnlus 10 awsk.niI
The touch oi loader p.ht hhd the spscnsuv con
for 1850 But traders re disposed 10 20 noataY
untl the >alonhWrg wcls The market closed
dull and featured eSS
The range prices ant this total dealings IN National
krenanse for tho last trree weeks az tollors:
week cgdol Nov IL Nov 4" NOV. -"
Opening .---....-.- - 80 80
Highest .-...---.--- - Z 80 .'v
s s,Ia ,,,r,I. e..tSsoo ele2ooo sS4sooe
Refined oil was .uoug unchanged in barrels at c.un
nor gallon York PM adelphis ami Bosons
The price csd lac To cents gallon
err. f.sn. Nov. rs -N.t,I.N rrti,t Eertncaa;s
e,cnoa at 7t's highest 74As lowest Ita, closed a.
sales. 10000 ptrrsl' ce.ranc.s eo5ooo o'rrss da'
ters barrels shipments. ~. +39 barrels runs -
rirTsruRe Penn. Nov 26-Petrolenm Dull but arm.
National Transit opened At 74 closed at 7i1
ghost 80. lowest, 7+5.
bs.vfosp POM. Nov 20 -NAtional rril, Certificates
opcncd al "a. closet at "a a hsh,,t. 7+t iovsw.
Tfrt.yIitF Penn. Nov 26-NitisHl rrlns; csrtlf;st
opened t74as highest 74's lowest. 74a closet IA